Every week, I scan hundreds of headlines, read dozens of posts, and bring you the best of the best to save you time and mental energy.
Financial Independence (FI) is a primary focus, but it’s an awfully broad topic. I tend to approach FI and early retirement from a fatFIRE perspective and through the lens of a physician, so expect to see those biases in the selected articles.
Related topics that have become recurrent themes include early retirement, selective frugality, tax issues, travel, physician issues, and of course, investing.
For more great articles, take a peek at The Sunday Best Archives. Now let’s get to the best… The Sunday Best!
The Sunday Best
A man who retired at 43 to travel says the biggest challenge will be mental, not financial. I’m that man, and it was fun to see my face on Business Insider in an article written by senior reporter Tanza Loudenback.
I didn’t do everything right, but I avoided most of the big mistakes many doctors make with their money. Wealthy Doc highlights A Dozen Dumb Money Mistakes Doctors Make.
Overspending on vehicles is practically a part of a physician’s nature. Did the Darwinian Doctor naturally select the wrong car? He defends the choice in Why I Bought a Tesla Model 3.
Passive Income MD is hemorrhaging money and he doesn’t care what his relatives or any of you think about it. I Won’t Apologize For Spending Money. Non-apology accepted.
Those who feel comfortable spending a lot may truly be able to afford it, and they’ve adopted an abundance mindset. The Debt Free Dr. describes the concept that I referred to in the first article featured today. Scarcity vs Abundance Mindset – Which Do You Have?
It takes an abundance of the abundance mindset to make this bold move as described by T.J. from Half Life Theory. How to Quit Your Six Figure Job and Live the Life of Your Dreams in 3 Steps.
The Frugal Physician isn’t quitting her job, but she has taken the step of working it a bit less. What does she recommend to those who would like to cut back? Just Do It.
Dr. Mo of Sustainable Medicine quit his job and moved to Spain, where he still earns a good living with U.S. based telemedicine despite living overseas. He recently bared his Digital Nomad Physician Income for all to see.
I chose to continue working “one more year” several times after reaching financial independence. That scarcity mindset is tough to shake. What did it cost me? Go Curry Cracker details The Cost of Working One More Year.
You know, it might not be a great idea to willingly leave your job if a recession might be lurking around the corner. My Money Wizard believes there is. My Bold Prediction: Recession by 2021 (And how I’m preparing for it…).
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What interest rate are you paying on your student loans? Check out how low your rate could be by refinancing and educate yourself with a bevy of resources you can find in the freshly updated 2019 Student Loan Resource Page.
Starting a business of your own ensures that your boss cannot fire you. That’s what this man did. How One Man Built A 6-Figure Online Business In Less Than 2 Years.
If you’re already retired when the recession hits, you’ve got nothing to worry about, right? Right?!? The White Coat Investor discusses Investing in Retirement: The 3 Big Issues.
Reaching the Summit
Last year, I was honored to be a part of the inaugural online FI Summit. Over the course of three days, our viewers and listeners had a chance to interact with Mr. Money Mustache, Ms. Montana, Brad from ChooseFI and a handful of other people way cooler than me. Also, there was me. And a cameo from my kids.
It looked a lot like this:
https://www.youtube.com/watch?time_continue=10&v=NLt2OUNOqBs
This is happening again in just a few weeks.
The dates this fall are October 22-24. Here’s what’s on tap:
- Optimizing Your Income: More Money in Less Time w/ Grant Sabatier from Millennial Money
- Investing Towards Your First $1 Million w/ JL Collins
- Creative Spending that Doesn’t Sacrifice Your Retirement Dreams w/ Liz Thames from Frugalwoods
- How to Achieve Debt Freedom and Make Room for Wealth w/ Nicole Hatcher from Frugal Chic Life
- How to Stop Selling Out For Money and Start Doing More of What Matters w/ Chad (Coach) Carson
- Creating Your Freedom Plan (a.k.a. a Budget) w/ Jamila Souffrant from Journey to Launch
That’s a stellar lineup, am I right? If you’re interested in the viewing options, which include both live and recorded video, check out your options here! Code POF gets you 10% off if you choose to join up.
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Have an outstanding week!
-Physician on FIRE
You know a lot of people now believe there is going to be a recession soon, just like the MoneyWizard.
My theory is that enough people believe it and start “preparing for a recession”, they will actually *create* a recession by virtue of lower spending and economic activity. This is the paradox of thrift.
While the predictions of a recession could turn out to be true in the next year or two, I have no way of accurately predicting anything. My crystal ball is continuously fuzzy.
Great Sunday Best as always! I really enjoy your weekly collection of articles PoF!
The self-fulfilling prophecy is a real phenomenon, isn’t it?
Time will tell if it happens in this case.
Cheers!
-PoF
Thanks for the great list and for including my post.
Congratulations on your FIRE and on the BI spotlight. I’m loving your journey vicariously.
That one more year post was outstanding. It is something that I have been struggling with as well. Too conservative and you worked too long and died the richest person in the graveyard. However that is a better option than making the choice and finding you retired 1 year to early. And that my friend, is my dilemma.
Great collection of articles today. Thanks, I enjoyed reading them.